Manasquan school chief's resignation finalized

Margin to receive $24G in payouts

5:59 AM,
Nov. 14, 2012

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Geraldine Margin will not be returning to the high school. The Monmouth County Department of Education has accepted a separation agreement between Margin and the Board of Education.

Margin, 60, of Brick had been the district's superintendent since 2007. She was currently in her second year of a new three-year contract at an annual salary of $157,500.

As part of the separation agreement - which went into effect Oct. 31 - the board will pay Margin's health benefits provided she does not find other employment, and her remaining salary up until June 30 of roughly $106,000. The board also will pay ...